Nordic American Offshore Bags PSV Contract

Shailaja A. Lakshmi
Thursday, December 13, 2018

Bermuda-headquartered Nordic American Offshore (NAO) has been awarded a two-year fixed contract for the Platform Supply Vessel (PSV) built in 2015, 'NAO Viking'.

Commencement will be about mid-December 2018. The contract also grants the customer two one-year optional periods after the initial firm period, said a press release from the owner and operator of platform supply vessels in the North Sea

'NAO Viking' will be operating primarily in the North Sea for a first class company.  This contract has been concluded with one of the Company's regular customers.

The contract is securing steady employment and contribution for 'NAO Viking'.

Two days ago, NYSE-listed offshore support vessel owner Scorpio Group took control of NAO, via a private placement into company’s shares worth $5 million.

Categories: Offshore Vessels Contract Platform Support Vessel

Related Stories

Cambodia Starts UN Process to Resolve Maritime Dispute with Thailand

Oil Prices Edge Lower Amid Uncertainty Over US-Iran Deal

Oil Prices Rise as Iran Talks Stall and Inventories Shrink

Oil Prices Ease as US Holds Off Renewed Strikes Against Iran

Yinson Production, PTSC Raise Over $130M for Vietnam’s Block B FSO

Petronas Signs 20-year Charter Deal with MISC for Five LNG Carrier Newbuilds

Gulf Marine Services Profit Plunges After Gulf Vessel Evacuations

Brent Near $114 as Middle East Conflict Continues

Vessel Sector Deep Dive: WTIVs

France Leads 15-Country Effort to Reopen Strait of Hormuz

Current News

Inpex Faces Threat of Broad LNG Loading Ban as AU Labour Dispute Deepens

INEOS Inks LNG Supply Deal with Marubeni for Asian Markets

Cambodia Starts UN Process to Resolve Maritime Dispute with Thailand

Oil Prices Edge Lower Amid Uncertainty Over US-Iran Deal

Vantage Drilling Agrees to $258M Takeover by Eldorado Drilling

Azerbaijan’s Absheron Gas Project Advances with New Sales Agreement

BP Launches Gas Production at Azerbaijan’s Giant ACG Field

Iran Restarts Output at Three South Pars Offshore Gas Platforms

Oil Jumps Over 3% After US-Iran Exchange Attacks

BP to Boost Azerbaijan Portfolio with Babek Gas Field Operatorship Takeover

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com